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EU freezes Russian assets to the tune of €68 bln, says Politico

Meanwhile, Russia’s national reserves may equal around €33.8 bln

© AP Photo/Virginia Mayo

BRUSSELS, November 18. /TASS/. The European Union has frozen Russian assets in total to the tune of €68 bln, Politico, a US-based newspaper, reported on Friday citing an in-house document of the European Commission (EC).

The bulk of the assets was frozen in Belgium (worth €50 bln) and Luxembourg (€5.5 bln). Those two countries, as well as Germany, Ireland, Italy, Austria and France, account for over 90% of the frozen assets, according to the paper.

Meanwhile, Russia’s national reserves may equal around €33.8 bln, though the exact figure is not yet known.

The EC’s spokesperson Christian Wigand said in late October in an interview broadcast by the ORF radio station that the amount of Russian assets blocked by the European Union totaled €17.5 bln. The assets of 1,350 persons and entities under sanctions are at stake.

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